MCHPMicrochip Technology

Technology · Semiconductors · Nasdaq

We develop, manufacture and sell smart, connected and secure embedded control solutions used by our customers for a wide variety of applications. 10-K, Item 1

Employees: 17,900
Headquarters: Chandler, AZ
CEO: Steve Sanghi
Next results: around Jan 4, 2027

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The biggest changes in the 10-K filed 2026-05-21, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.

Operating margin

6.7% → 10.4% (+3.7 pts) Big change FY to 2026-03-31 vs 2025-03-31

“The primary reasons for the increase in selling, general and administrative expenses were higher employee compensation costs, including higher share-based compensation partially offset by our restructuring efforts.”
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Gross margin

56.1% → 57.7% (+1.7 pts) Big change FY to 2026-03-31 vs 2025-03-31

“The primary reasons for the increase in gross profit of $253.2 million in fiscal 2026 compared to fiscal 2025 were due to changes in product mix, higher licensing revenue and lower inventory reserves.”
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Cash from operations

+7.1% FY to 2026-03-31 vs 2025-03-31

The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.

Revenue

+7.1% FY to 2026-03-31 vs 2025-03-31

“The increase in net sales in fiscal 2026 compared to fiscal 2025 was primarily due to increased demand after customers reduced excess inventory levels as well as new customer design win activity entering production.”
Read it in the 10-K ↗

“Net sales increased in all geographies in fiscal 2026 compared to fiscal 2025 primarily due to increased demand after customers reduced excess inventory levels as well as new customer design win activity entering production.”
Read it in the 10-K ↗

Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗

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